Alliance For Local Economic Prosperity
- Assets
- $72.8k
- Revenue
- $175.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 48-1275323
Organization Overview
Alliance For Local Economic Prosperity is located in Santa Fe, NM. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Local Economic Prosperity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alliance For Local Economic Prosperity generated $175.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $133.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFLEP WAS FORMED TO STUDY THE BENEFITS OF AND TO ADVOCATE FOR PUBLIC BANKING FOR NEW MEXICO AS A TOOL TO KEEP NEW MEXICO REVENUE LOCAL, SAFE AND WORKING FOR NEW MEXICANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PUBLIC EDUCATION, WROTE A POSITION PAPER ON PUBLIC BANKING, WORKED ON STATEWIDE PROGRAM DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mang Treasurer | OfficerTrustee | 2 | $0 |
Elaine Sullivan Chair | OfficerTrustee | 2 | $0 |
George Gamble Secretary | OfficerTrustee | 2 | $0 |
Ada Browne Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,848 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,602 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,084 |
| Fees for services: Lobbying | $23,013 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,701 |
| Advertising and promotion | $0 |
| Office expenses | $8,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $133,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $72,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $72,771 |
| Total liabilities and net assets/fund balances | $72,771 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Alliance For Local Economic Prosperity has recieved totaling $42,200.
| Awarding Organization | Amount |
|---|---|
Jessicas Love Foundation Ojai, CA PURPOSE: SUPPORTING PUBLIC BANKING INITIATIVE | $25,000 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $15,500 |
Marshall L And Perrine D Mccune Charitable Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT (INCLUSION/EQUITY SERIES FOR STAFF AND VOLUNTEERS) | $1,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tessitura Network Inc Dallas, TX | $21,809,645 | $43,977,511 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |